Does you mortgage company allow a grace period?

My mortgage is due also on the 1st but my check usually doesn't clear until like the 7th. That means basically I pay late every month by like a day or two.

My mortgage company allow me to pay in the middle of the month if I choose but I must include an extra $27.00 for intrest.

I would definetly contact your mortgage company and inquire about this.

Tac